Actel Corporation Announces 10% Reduction in Force to Improve Operating Results and Promote Profitability
Mountain View, Calif. – October 16, 2008 – Actel Corporation today announced a 10 percent reduction in force to improve its operating results. Approximately 60 positions were eliminated.
Together with other cost-saving measures to be initiated during the fourth quarter of 2008, the company anticipates that the reduction in force will decrease quarterly operating expenses by approximately $2.5 million. Operating results for the fourth quarter of 2008 will be adversely affected by accounting charges related to the reduction in force, which the company currently estimates will be about $3 million.
About Actel
Actel is the leader in low-power and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at www.actel.com.
Related Semiconductor IP
- eUSB2V2.0 Controller + PHY IP
- I/O Library with LVDS in SkyWater 90nm
- 50G PON LDPC Encoder/Decoder
- UALink Controller
- RISC-V Debug & Trace IP
Related News
- Actel and Gaisler Research Soar With RTAX-S Aerospace Microprocessing Platform
- Avnet Memec Releases Actel ProASIC3 Evaluation Kit
- ACTEL Corporation Licenses ARM Cortex-M3 Processor
- Actel Hires Semicondutor Industry Veteran for Key Marketing Role
Latest News
- Qualitas Semiconductor Secures Strategic IP Licensing Agreement for MIPI Solutions
- Chinese RISC-V Chipmaker SpacemiT Launches K3 AI CPU, Highlighting the Rise of Open-Source Hardware in Intelligent Computing
- Weebit Nano Q2 FY26 Quarterly Activities Report
- Arasan announces the immediate availability of the industries first xSPI NOR + eMMC NAND Combo PHY IP
- AMIQ EDA Gives AI Agents Access to Essential Design and Verification Data